Vodafone mulls offer for T-Mobile

2009-06-29 10:18

London - Britain's Vodafone, the world's biggest mobile phone company by revenue, is exploring a bid to buy T-Mobile UK, the Financial Times reported on Monday.

Citing people familiar with the situation, the daily said Vodafone is considering making an offer or setting up a joint venture, in a move that would give it a 40% share of revenue paid by mobile phone users in Britain.

Currently Vodafone has a market share of about 25%, compared to 27% for O2, owned by Spain's Telefonica, 22% for France Telecom's Orange, 15% for T-Mobile and 8% for Hutchinson Whampoa's 3.

Deutsche Telekom, which owns T-Mobile UK, has appointed JPMorgan to advise on the strategic options for the business after several years of underperformance, the FT said.